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Fed Shifts Talk From Rate Cuts to Economic 'Scenarios'

Posted on AllSides May 22nd, 2024
From The Right

Dropping what had been explicit guidance about the likelihood of interest rate cuts this year, Powell and other Fed officials are instead focusing attention on broadly different near-term paths the economy might follow, and their likely reaction to each case. Former Fed officials and staffers with experience attending meetings of the policy-setting Federal Open Market Committee say that's a sign of just how uncertain policymakers feel right now and is meant to shift attention from the detailed economic and policy projections they produce each quarter and onto a wider array...

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